Category Archives: Dry Cargo

Maresk Alabama – Master entered Pirate infested waters for financial gains- Maybe not a HERO after all

Posted on May 30, 2012 by Editor

Maersk Alabama Crew Sues Owner, Operator Peter T. Leach, Senior Editor | May 29, 2012 1:28PM GMT The Journal of Commerce Online – News Story     Former crewmembers file suit in Virginia and Alabama against Maersk Line Ltd. and … Continue reading →

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Ocean Breeze- Disabled in Dardanelles due to Engine Failure

Posted on April 12, 2012 by Editor

  At around 0250 LT Jan 05 bulk carrier Ocean Breeze suffered engine failure, while transiting Dardanelles Straits, in Canakkale / Karanlik Liman area. At around 0250 LT Jan 05 bulk carrier Ocean Breeze suffered engine failure, while transiting Dardanelles … Continue reading →

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Latest Piracy Attempt………………. Ships Beware!

Posted on April 11, 2012 by Editor

Recent Activity On 09 April 12, a merchant vessel was approached by one skiff approximately 400nm east of Socotra Island, in position 12 14N 061 45E. This skiff was white in colour with five armed persons on board.  The merchant … Continue reading →

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Wan Hai Lines is going to increase Asia-East India rates US$150/TEU in April

Posted on March 30, 2012 by Editor

Wan Hai Lines in Taiwan has recently declared that it is going to raise rates in services in the route from the Far East to India from 1st April 2012. Freight rate will be increased at US $150 per TEU … Continue reading →

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OOCL Introduces New New Zealand – Far East Trade Network

Posted on December 10, 2011 by Editor

OOCL introduces the New Zealand – Northeast Asia Express (NZN), a new fixed-day weekly service that will broaden company’s market coverage and provide more efficient and high quality services to customers starting on December 24, 2011. This new service is … Continue reading →

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ICAP Shipping and Saxo Bank involved in world’s first electronic container freight swap settled in USD

Posted on December 9, 2011 by Editor

ICAP Shipping, the shipping arm of ICAP plc, the world’s leading interdealer broker, and Saxo Bank, the trading and investment specialist, announced on Thursday that they were involved in the execution of the world’s first electronic, voice-assisted trade of a … Continue reading →

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Russia to Build Four Diesel Icebreakers

Posted on December 9, 2011 by Editor

United Shipbuilding Corporation, Federal Agency for Maritime and River Transport (Rosmorrechflot) and the Rosmorport federal unitary enterprise signed a contract to build four diesel icebreakers worth $640 million, RIA Novosti reports. The United Shipbuilding Corporation, Federal Agency for Maritime and … Continue reading →

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DNV: Fuel efficiency guides for ship types

Posted on December 9, 2011 by Editor

The combination of low charter rates and high fuel prices is creating a strong interest in fuel saving measures. DNV has now updated the Fuel Saving Guideline for Bulk Carriers, which was released in April this year, and has issued … Continue reading →

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Newcastle coal prices ease on extended Chinese buying drought

Posted on November 27, 2011 by Editor

Prices for low and higher calorific value thermal coal traded at Australia’s Newcastle trading hub fell further Friday, as buyers in China refused to be drawn into the spot market by the promise of discounted-price cargoes, said market sources. Sellers … Continue reading →

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Maersk CEO: ‘We can outlast you’ – some say ‘war of attrition’ declared

Posted on November 25, 2011 by Editor

MAERSK is frequently accused as the aggressor in a destructive war of attrition that will stands to leave the Danish shipping giant one of the few survivors and with the lion’s share of the market, reports Alphaliner in Paris. MAERSK … Continue reading →

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